US500 - Intraday - We look to Sell at 3382 (stop at 3401)
Price action has formed a bearish ending wedge formation.
200-hour EMA is at 3388.
Bespoke resistance is located at 3385.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
Our profit targets will be 3322 and 3302
Resistance: 3350 / 3380 / 3400
Support: 3330 / 3310 / 3300
Price action has formed a bearish ending wedge formation.
200-hour EMA is at 3388.
Bespoke resistance is located at 3385.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
Our profit targets will be 3322 and 3302
Resistance: 3350 / 3380 / 3400
Support: 3330 / 3310 / 3300
Order cancelled
Order expired intraday.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.